According to the Commodity Market Analysis System of the Business Society, the formaldehyde market in Shandong fluctuated and rose in July. At the beginning of the month, the average price of formaldehyde in Shandong was 1076.67 yuan/ton, and at the end of the month, the average price of formaldehyde in Shandong was 1140.00 yuan/ton, an increase of 5.88%. The current price has decreased by 5.53% compared to last year.

formaldehyde

In July, the market price of formaldehyde in the Shandong region increased. From the above chart, it can be seen that formaldehyde has been mainly fluctuating and declining in the past three months, and the market has rebounded this month. As of July 27th, the mainstream market price in Shandong region is 1020-1220 yuan/ton. In July, the raw material methanol market fluctuated and rose, with formaldehyde manufacturers operating normally. The demand for downstream panel factories mainly remained in demand, and the formaldehyde market transactions were average. Formaldehyde mainly rose with fluctuations in raw materials.

Upstream methanol situation: In July, the domestic methanol market fluctuated and rose, and the recovery of multiple production units in the northwest region was delayed. The supply increase was less than expected, and multiple positive factors such as a good macro outlook were combined. The market mentality quickly improved, and prices rose strongly. The market mentality quickly improved, and prices rose strongly. Large MTOs in Zhejiang are actively inquiring about US dollar supply, and market demand is expected to improve. The atmosphere has been boosted, and the domestic methanol market atmosphere has significantly increased, with prices continuing to rise.

Recently, the methanol market has been mainly fluctuating and rising, with good cost support. However, downstream sheet metal factories are in the off-season of the industry and have limited purchasing capacity. Therefore, formaldehyde analysts from the Chemical Branch of the Business Society predict that the price of formaldehyde in Shandong will mainly increase slightly in the near future.